(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set to open higher on Wednesday as a barrage of data painted a picture of moderate economic growth, giving Federal Reserve policymakers more to chew on as they consider whether to raise interest rates next month. Dow Jones industrial average futures were up 0.23 percent at 17,805, S&P 500 futures were up 0.16 percent at 2,088 and Nasdaq 100 futures were up 0.18 percent at 4,674.25.
** HP INC, Tuesday close $14.64, -8.13 pct premarket
** HEWLETT PACKARD ENTERPRISE CO, Tuesday close $13.69, +2.34 pct premarket
HP Inc, which houses former Hewlett-Packard Co’s legacy printer and PC business, forecast adjusted profit for the first quarter below market expectations as it struggles with weak sales of PCs and printers. Hewlett Packard Enterprise, which is headed by Meg Whitman and holds the corporate hardware and services businesses, maintained its adjusted profit forecast for the year.
** ABENGOA AG, Tuesday close $4.65, -47.53 pct premarket
Heavily indebted engineering Spanish firm Abengoa is seeking creditor protection after a new investor backed out of injecting fresh equity.
** BIOMARIN PHARMACEUTICAL INC, Tuesday close $97.8, -3.16 pct premarket
** SAREPTA THERAPEUTICS INC, Tuesday close $37.32, -1.63 pct premarket
** PTC THERAPEUTICS INC, Tuesday close $31.75, -9.45 pct premarket
A panel of outside advisers to the U.S. Food and Drug Administration indicated that efficacy data from BioMarin on its experimental drug for treating a muscle wastage disorder was not persuasive enough to warrant approval.
Shares of rivals Sarepta and PTC Therapeutics were also down.
** GUESS INC, Tuesday close $19.54, +5.99 pct premarket
Analysts raised their price target on the stock after the apparel retailer reported better-than-expected third-quarter profit.
** COMCAST CORP, Tuesday close $61.66
The U.S. Department of Justice is investigating whether the biggest U.S. cable TV provider, is hindering competition in cable advertising sales, a source told Reuters.
** NETEASE INC, Tuesday close $164.98, +1.69 pct premarket
Goldman Sachs initiated coverage on the internet firm with a “buy” and said NetEase is likely to sustain strong revenue growth in mobile games in contrast to expectations of loss of market share that current consensus revenue estimates suggest.
** WAL-MART STORES INC, Tuesday close $59.92, +0.12 pct premarket
A U.S. investigation into potential foreign bribery by Wal-Mart has unearthed evidence of possible misconduct by the company in Brazil, the Wall Street Journal reported, citing documents and people familiar with the matter.
** DEERE & CO, Tuesday close $76.34, +4.65 pct premarket
** CNH INDUSTRIAL NV, Tuesday close $6.65, +4.51 pct premarket
Farm equipment maker Deere reported a better-than-expected fourth-quarter profit, helped by lower effective tax rate and costs.
Italian truck and tractor maker CNH Industrial’s shares rose after U.S. peer Deere announced results.
** SHIRE PLC, Tuesday close $209, -1.82 pct premarket
** BAXALTA INC, Tuesday close $35.67, +2.61 pct premarket
Drugmaker Shire is preparing to make a new takeover offer for U.S. biotech firm Baxalta that if successful will create one of the world’s leading specialists in rare diseases, a source with direct knowledge of the situation said on Tuesday.
** EMC CORP, Tuesday close $25.47
** VMWARE INC, Tuesday close $60.35
Data storage products maker EMC, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware, people familiar with the matter said.
** COSTCO WHOLESALE CORP, Tuesday close $162.19, -0.29 pct premarket
At least 19 people in seven states may have been infected by E. coli after eating rotisserie chicken salad sold at Costco stores, the U.S. Centers for Disease Control and Prevention said on Tuesday.
** CHIPOTLE MEXICAN GRILL INC, Tuesday close $577.79, +1.16 pct premarket
Investigators looking into the E. coli outbreak at Chipotle restaurants face “significant challenges” in finding the source of the sickness, a U.S. food safety detective said.
** EROS INTERNATIONAL PLC, Tuesday close $9.18
BofA Merrill Lynch cut its rating on the stock of the Indian film distributor to “neutral.”
** TESLA MOTORS INC, Tuesday close $218.25, +1.52 pct premarket
** GENERAL MOTORS CO, Tuesday close $36.22
** FORD MOTOR CO, Tuesday close $14.55, +0.00 pct premarket
** TOYOTA MOTOR CORP, Tuesday close $124.02
U.S. regulators are delaying rules that would require electric and hybrid cars to alert sight-impaired pedestrians and bicyclists until at least mid-March, according to a recent government filing.
** BRISTOL-MYERS SQUIBB CO, Tuesday close $67.82
The drugmaker said on Tuesday the U.S. FDA had approved the expanded use of its cancer drug, Opdivo, to treat an additional form of advanced skin cancer.
** SYNGENTA AG, Tuesday close $73.89, +0.58 pct premarket
Syngenta, which fended off a $47 billion takeover approach from Monsanto three months ago, is itself looking at takeovers, joint ventures or asset sales, the Swiss company’s chairman told a newspaper on Wednesday. (Compiled by Rachel Chitra in Bengaluru; Editing by Maju Samuel)